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Wall Street Surged on Strong Earnings, Dollar Supported Wall Street Surged on Strong Earnings, Dollar Supported

October 17, 2018
Major U.S. indices settled higher with Dow Jones rising more than 500 points to log its best day since March. The stock market got a boost from strong earnings of Goldman Sachs, United Health Group, and Morgan Stanley.

Tech Drags stocks lower, Dollar Range-Bound Tech Drags stocks lower, Dollar Range-Bound

October 16, 2018
Major U.S. indices settled lower with the Nasdaq being the worst performer. Apple, Google, Microsoft, and Amazon fell more than one percent.

Pound Tumbles on Brexit Deal Concerns Pound Tumbles on Brexit Deal Concerns

October 15, 2018
The British pound retreated from a three-week high of $1.3257 on Friday, weighed down by Brexit worries. The European Union negotiator Michel Barnier stated last week that a deal is within reach which supported the cable against peers. 

Dollar Falls on Soft Inflation Data Dollar Falls on Soft Inflation Data

October 12, 2018
The dollar index which measures the greenback against a basket of major currencies traded at a two-week low of 94.99. The inflation figures slowed down for the second consecutive month.

Stocks Plunge and Trump Accuses the Fed Stocks Plunge and Trump Accuses the Fed

October 11, 2018
President Donald Trump attacked the Federal Reserve for the second consecutive day as the major U.S. stock indices suffered their biggest one day decline in months. 

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